Shawbrook Bank grew its loan book by 18% to £15.1bn from a year ago, driven by “strong net lending volumes” across its property and small business markets.
It added that the quality of its loans remained “robust,” with its arrears ratio at 2.8% compared to 2.3% at the start of the year, in a trading update for the nine months to the end of September.
The specialist lender’s property division covers landlord and commercial mortgages, bridging loans and development finance.
In September it completed the purchase of specialist motor finance lender JBR Auto Holdings for an undisclosed fee, which it said “demonstrates our ability to accelerate our strategy through inorganic expansion”.
Last month, the bank completed a £399m securitisation of owner-occupied loans originated by Bluestone Mortgages to provide “external funding and capital optimisation benefits”.
Shawbrook chief executive Marcelino Castrillo said: “Demand for the premium experience, flexibility and certainty we offer across our specialist lending markets remains robust, with both our loan and deposit books exceeding £15bn for the first time.
“As we look ahead, we continue to see promising opportunities for expansion and value creation across our core markets, including small and medium-sized enterprises and real estate.”